Why Saving for Retirement Is Important
We work hard all of our lives with the end goal of providing for our families and looking forward to a relaxing retirement. According to the Economic Policy Institute however, only 50% of Americans are financially prepared for the relaxing retirements that we daydream about. And 34% of us have nothing saved for our golden years.
Saving for retirement is an issue that a lot of people tend to avoid, or even dread. How can you take even more money out of your paycheck each month, when you can barely afford to make ends meet as it is? But with the right advice and retirement planning, you’ll be surprised how easy it is to save for your future.
Retirement Planning Strategies
While it is hard to look past the end-of-month horizon that seems to dominate our financial lives, casting an eye towards your retirement plans will pay huge dividends when you are no longer in a position to earn your current income. Even without a company that offers a 401K however, you have some flexibility in padding your own nest egg that includes:
- Funding an IRA
- Opening a Roth IRA
- Saving Tax Refunds
- Directing Deposit Savings
- Claiming Saver’s Credit
Again, we know that saving that tax return is easier said than done in a world of unexpected medical bills and other surprise commitments. Committing to saving whenever possible, however, will ensure that you are not among the half of Americans with no plans for retirement.
Save for Retirement with Americor’s Help
If you wondering whether you have the financial wherewithal to save for retirement comfortably, you need to talk to financial experts with an array of experience at building retirement dreams with realistic savings plans that allow you to retire with dignity. Contact our team of caring financial experts here at Americor Financial for the retirement advice that you and your family can trust.